rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    non sort: The
    title: welfare cost of social security due to changes in private saving
  name:
    name part: Kim, Wonshik
    name part: 1956-
    role:
      role term: creator
  name:
    name part: Browning, Edgar K.
    role:
      role term: degree supervisor.
  name:
    name part: Alderson, Michael J.
    role:
      role term: degree committee member.
  name:
    name part: Deere, Donald R.
    role:
      role term: degree committee member.
  name:
    name part: Gronberg, Timothy J.
    role:
      role term: degree committee member.
  name:
    name part: Texas A & M University
    role:
      role term: degree granting institution.
  type of resource: text
  genre: bibliography
  genre: Academic theses
  origin info:
    place:
      place term: xx
    date issued: 1988
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: print
    extent: viii, 141 leaves : illustrations ; 29 cm
  abstract: The purpose of this dissertation is to examine the welfare cost of social security that results from the program's effect on private savings. Social security affects an individual's private savings in different ways. The major ways social security affects private savings are referred to as the wealth replacement effect, the induced retirement effect, and the (pre-retirement) saving behavior effect. The most recent analysis dealing with this topic was done by Martin Feldstein (1987b). However, his paper was restricted to only the analysis of the wealth replacement effect. In analyzing the welfare cost of social security, the analysis developed in this dissertation adds two more effects as determining factors that influence the welfare cost of social security - the induced retirement effect and the (pre-retirement) savings behavior effect. In general, past studies have lumped these two effects together as one. In expanding upon Feldstein (1987b), this dissertation also emphasizes how the welfare cost of social security is related to the existence of capital income taxation. He assumed that the benefits of spending the revenue from the capital income tax accrued to the generation of savers who own the capital. This implies that the capital income tax revenue will be returned to savers who use it for consumption, rather than invested for future generations. However, when the capital income tax revenue is invested in government projects, the welfare cost of social security can be dramatically altered. In summary, this study will add the analysis of the induced retirement effect and the pre-retirement effect to Feldstein's (1987b) model. In addition, the role played by capital income taxation will be developed more fully. Under the social security financed on a pay-as-you-go basis, current taxes are not invested but instead finance current benefits for the retired. The reduction of the total saving will hurt the social welfare seriously. Nonetheless, this paper shows how …
  note: Typescript (photocopy).
  note: Vita.
  note: "Major subject: Economics."
  note: Ph. D. Texas A & M University 1988
  note: Includes bibliographical references (leaves 134-140).
  subject:
    geographic code: n-us---
  subject:
    topic: Social security
    geographic: United States
  subject:
    topic: Finance, Public
    geographic: United States
  subject:
    topic: Welfare economics
  subject:
    topic: Soziale Sicherung
    topic: Sparen
    topic: Theorie
  subject:
    topic: Finance, Public
  subject:
    topic: Social security
  subject:
    geographic: United States
  subject:
    topic: Major economics
  identifier: http://gateway.proquest.com/openurl
  identifier: http://proxy.library.tamu.edu/login
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    location:
      url: http://proxy.library.tamu.edu/login
  related item:
    location:
      url: http://gateway.proquest.com/openurl
  record info:
    record content source: TXA
    record creation date: 890531
    record change date: 20200904152424.0
    record identifier: in00000767193
    language of cataloging:
      language term: eng